TFB Advisors LLC Takes Position in Cintas Co. (NASDAQ:CTAS)

TFB Advisors LLC purchased a new stake in Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 382 shares of the business services provider’s stock, valued at approximately $230,000.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new position in shares of Cintas in the 4th quarter worth approximately $379,291,000. Select Equity Group L.P. grew its position in shares of Cintas by 1,344.1% in the 4th quarter. Select Equity Group L.P. now owns 473,448 shares of the business services provider’s stock worth $213,819,000 after buying an additional 440,662 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Cintas by 52.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 850,617 shares of the business services provider’s stock worth $422,825,000 after buying an additional 292,701 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Cintas by 8,140.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 173,039 shares of the business services provider’s stock worth $73,609,000 after buying an additional 170,939 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Cintas by 17.4% in the 3rd quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock worth $493,331,000 after buying an additional 151,783 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS traded up $1.39 during trading hours on Friday, hitting $687.03. The stock had a trading volume of 572,438 shares, compared to its average volume of 371,309. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.89 and a current ratio of 2.38. The firm has a 50-day moving average price of $622.88 and a 200 day moving average price of $568.36. Cintas Co. has a fifty-two week low of $438.59 and a fifty-two week high of $704.84. The firm has a market capitalization of $69.64 billion, a price-to-earnings ratio of 47.45, a PEG ratio of 3.85 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the business posted $3.14 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that Cintas Co. will post 15.05 EPS for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 15th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Wednesday, February 14th. Cintas’s dividend payout ratio is presently 37.29%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CTAS. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a research report on Thursday. Royal Bank of Canada boosted their target price on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America boosted their target price on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $649.60.

Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.